The City of Calgary has called a press conference for an “important update” about the replacement for the Saddledome on Tuesday afternoon.

Mayor Jyoti Gondek and Premier Danielle Smith will be joined by John Bean, president and CEO of the Calgary Sports and Entertainment Corporation (CSEC), Calgary Stampede CEO Joel Cowley and Coun. Sonya Sharp on the site of the previously-agreed upon event centre in the East Village. The update comes after six months of renewed negotiations.

The previous agreement between the City of Calgary and CSEC came to an end in December 2021, after Calgary Flames ownership informed the city it would be pulling out due to more than $16 million in additional costs because of several climate resiliency and infrastructure conditions attached to the development permit by the Calgary Planning Commission.

The original deal to build a new event centre was signed in 2019 with total costs pegged at $550 million, however, CSEC reported that costs had jumped to around $640 million by December 2021. Construction on the facility was scheduled to begin in January 2022.

For more info, please go to https://globalnews.ca/news/9649603/calgary-event-centre-update-april-25-2023/

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